American Woodmark (NASDAQ:AMWD) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.
A number of other research analysts have also recently issued reports on AMWD. ValuEngine upgraded shares of American Woodmark from a “strong sell” rating to a “sell” rating in a report on Thursday, August 23rd. Zacks Investment Research upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, August 28th. TheStreet cut shares of American Woodmark from a “b” rating to a “c+” rating in a report on Tuesday, October 9th. Longbow Research cut shares of American Woodmark to a “buy” rating and set a $123.00 price objective for the company. in a report on Friday, October 12th. Finally, Robert W. Baird set a $104.00 price objective on shares of American Woodmark and gave the company a “buy” rating in a report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $104.75.
Shares of NASDAQ AMWD opened at $62.29 on Friday. The stock has a market cap of $1.08 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 1.00 and a beta of 2.14. American Woodmark has a 1 year low of $55.03 and a 1 year high of $148.44. The company has a quick ratio of 1.27, a current ratio of 1.96 and a debt-to-equity ratio of 1.16.
American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Thursday, November 29th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.27). The business had revenue of $424.88 million for the quarter, compared to analyst estimates of $424.17 million. American Woodmark had a net margin of 4.15% and a return on equity of 18.07%. The firm’s quarterly revenue was up 54.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 earnings per share. As a group, research analysts anticipate that American Woodmark will post 6.92 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in AMWD. Principal Financial Group Inc. boosted its holdings in American Woodmark by 1.2% during the first quarter. Principal Financial Group Inc. now owns 118,414 shares of the company’s stock worth $11,658,000 after purchasing an additional 1,348 shares during the last quarter. Amalgamated Bank purchased a new position in American Woodmark during the second quarter worth about $210,000. Alps Advisors Inc. purchased a new position in American Woodmark during the second quarter worth about $682,000. Pitcairn Co. purchased a new position in American Woodmark during the second quarter worth about $263,000. Finally, Frontier Capital Management Co. LLC boosted its holdings in American Woodmark by 214.5% during the second quarter. Frontier Capital Management Co. LLC now owns 115,567 shares of the company’s stock worth $10,580,000 after purchasing an additional 78,817 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.
About American Woodmark
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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